332,173 views
21 votes
21 votes
A. In terms of supply and demand, would it be a good or bad business decision if

Friendly Furniture sold its tables for $100? Why?

User Steve Jorgensen
by
3.1k points

1 Answer

16 votes
16 votes

Answer:

If there is a high demand then yes but if there is low demand, then no

Step-by-step explanation:

I'm assuming that there's a bit of context missing in this question, since I don't know what the current supply demands are. However, if there are a limited amount of tables and a high demand for them, it would be a good business decision to sell for $100, since it would make the most profit. But if there is a low demand on tables and there are other retailers selling tables for much cheaper, then it's a bad business decision because people would rather buy a cheaper table from a different store.

User Mikescher
by
3.4k points